OptionsSeems the recent posts about options might be misconstrued. Yes, a hockey sock of new options were issued in December 2008 at 8 cents (old news), but, so far (in May 2009), no one has posted on SEDI that they recently received more options during the recurring annual options extravanganza in May of each year. Perhaps they read this forum and decided to delay or forgo this year's options activities. We just don't know.
Think it through...is your average cost per share greater than the current market value of approx 10 to 12 cents.
Have you bought more shares in an attempt to average down your cost?
So why wouldn't management take advantage of the current low pps to issue options to themselves to average down their out-of-money options or replace expired options. Oh, and by the way, check the expiry dates on the new options issued. When options expire, it's usually many, many years after they were issued. It was over that very long period of time that insiders were supposed to bring the company to a profitable, growing state. It's supposed to be a reward for a job well done. If and when the pps moves up to and beyond the applicable exercise price then insiders will reap their reward.